Being tall high rises is 'style' of the giants Middle East

Owner of Burj Khalifa, world's tallest tower in Dubai now, it seems still not satisfied with his achievements. Chairman of the company revealed plans to build a tower higher than 1 km.

Arabian Business report said Emaar Chairman Mr Mohamed Alabbar, said that he wants to build a tower higher in Asia, and he has identified locations for the project.

This statement of Mr. Alabbar can make Prince Alwaleed bin Talal of Saudi Arabia, the richest man in the Middle East today, "lose face". Currently this billionaire prince is building a tower in Jeddah, the second largest city after Riyadh Saudi Arabia, and this is expected to become skyscrapers elevation in the world championship, surpassing Burj Khalifa.

Prince Alwaleed tower that was built called Kingdom Tower, is expected to reach 1km high. Meanwhile, Mr Alabbar said that the project to build the tower that he was going to "slightly higher" than the tower being built in Jeddah.

The construction of the tower is a task "related more to issues of safety and to ensure that all work is completed accurately. We made many spectacular things here and we know the value What is "Mr. Alabbar said.

Mr Alabbar also said that the preliminary drawings of the project, but did not disclose the time of commencement of the project, saying only that it would be a special moment.

In 2012, the company's stock price rose more than 80% Emaar, marks the spectacular recovery of the group after the global crisis. Last year net profit of Emaar rose 18% to $ 577 million, on revenue of 2.24 billion dollars.

With a height of 828 meters and 160 floors, Burj Khalifa cost $ 1.5 billion and a period of 5 years to build them. This tower was put into operation in early 2010. As expected, the cost of the project with about 156 floor Kingdom Tower will also spend some of the money from Prince Alwaleed 1.2-1.3 billion. This project will open in 2017 after more than 5 years of construction.

It seems, to build the world's tallest tower is a "fad" to express the level of the "giants" in the land moneyed Middle East.

Last year, a Chinese investor also launched a plan to build the world's tallest tower, called Sky City, located in the city of Changsha Xiangjiang River, includes 220 stories.